Blog about my experiences worldwide and Australian lifestyle around the world.

Friday, 26 September 2008

Markets

All I do these days is watch this roller-coaster of the news related to financial markets. The news popping up are in such a contrast that they don't make much sense. Isolating the noise, though, tells me this could be the bottom of the fall and things should be easier from now on. That's in the markets, though. The practical effects in the real world are only starting to show. The slowdown in economic activity is starting to result in the things like recession in New Zealand, house prices predicted to fall in Asian financial centers because the financial institutions will start laying-off people, unemployment on the rise, etc.Here in Australia these effects can be felt almost immediately. This is not quite the case with Eastern-European markets. Those are getting more tied to other markets but not yet in a significant way. Therefore, the effects of the turmoil in those markets don't have as much effects on the happenings there.

Well, having no news about other things, that's all I can entertain myself with. These must be historical moments. Some say things like this happen once in a lifetime. So, it's interesting to follow through.Otherwise, I'd be most happy to receive a call from a recruiter but that just doesn't happen. A temporary thing would (will) be approval of my next leave so then I'll have a break again. In which case the length of the recruitment process will not look as bad as it does now. Anyway... Every month spent here takes me closer to my life goals and I'm trying to get used to that feeling.